The global mushroom market reached 17.25 million tonnes in 2023 and is projected to grow from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, representing a compound annual growth rate (CAGR) of 7.18% during the forecast period (2024–2032). In 2023, the Asia Pacific region held a dominant position with a 79.83% market share. The U.S. mushroom market is also expected to witness notable expansion, with projections estimating it will reach 1.22 million tonnes by 2032. This anticipated growth is supported by increased investments from domestic growers in advanced cultivation technologies and rising merger and acquisition activity by global companies aiming to enhance their presence in the U.S.
Mushrooms, though commonly grouped with vegetables, are actually edible fungi and not classified as plants. They offer an array of health-supporting nutrients, including riboflavin, potassium, vitamin D, selenium, and others. Research from clinical and preclinical studies highlights their role in promoting immune function, aiding in weight management, and supporting general wellness. Moreover, mushroom consumption has been associated with a reduced risk of certain illnesses, such as prostate and breast cancers, contributing to increased demand and market growth.
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Market Segmentation
The mushroom market is segmented by type into button, shiitake, oyster, and others. By form, it includes fresh, canned, frozen, and dried categories. Regionally, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Drivers & Restraints
Rising Health Consciousness to Boost Demand for Nutritional Foods
Growing public focus on health and nutrition is expected to increase demand for low-fat, cholesterol-free food options, supporting higher mushroom consumption. Their use is prevalent in homes, restaurants, hotels, and cafeterias, thanks to their fiber content and digestive enzymes that benefit gut health and immunity. These attributes are expected to sustain consumption and contribute to global market growth.
Increasing research and development in commercial mushroom cultivation is anticipated to create new opportunities for expansion. Growth in global trade and the farming of exotic mushroom varieties are also likely to further drive market development.
Since mushroom cultivation is labor-intensive, with production expenses accounting for nearly a third of total costs, manufacturers are turning to automation, robotics, and advanced control systems to improve efficiency. Investment in automated production techniques is expected to further fuel growth.
Nonetheless, high operating costs may pose limitations and hinder broader market growth.
Regional Insights